Franklin India Corporate Debt Direct Growth
Debt
Direct
Corporate Bond
NAV: ₹ 96.74 as on 16-05-2024
About the Fund
Franklin India Corporate Debt Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Umesh Sharma, Sachin Padwal-Desai. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Corporate Debt Direct Growth has ₹730 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
28 people have invested ₹ 4.8L in Franklin India Corporate Debt Direct Growth in the last three months
Overview
 | 0.26% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹730 Cr |
 | 1 January, 2013 |
 | ₹10000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 42.59% |
Franklin India Corporate Debt Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
66.9%
Government
25.3%
Cash Equivalent
7.8%
Top Holdings of Franklin India Corporate Debt Direct Growth as on (30-Apr-24)
Debt Holdings25
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Home Finance Company Limited 8.1% | 6.94% | 0% | |
Pipeline Infrastructure Ltd. 7.96% | 6.94% | 0% | |
Nuclear Power Corporation Of India Limited | 6.93% | 0% | |
Sikka Ports & Terminals Limited | 6.72% | 0% | |
Small Industries Development Bank Of India | 6.4% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 729.9 Cr as of Apr'24
- AUM decreased by 18.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 8.4% drop in AUM moving from 796.78 Cr to 729.87 Cr.
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.26% which is lower than the category average expense ratio of 0.49%.
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.22% return, outperforming this fund by 0.79% per annum.
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.66% return, outperforming this fund by 0.72%.
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 7.81% return, outperforming this fund by 0.92% per annum.
Peer Analysis
Fund Manager
Umesh Sharma
Fund Manager of Franklin India Corporate Debt Direct Growth, since 4 June 2021
Top funds managed
Sachin Padwal-Desai
Fund Manager of Franklin India Corporate Debt Direct Growth, since 4 June 2021
Top funds managed
Franklin India Corporate Debt Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.33% since inception which is more than its category average return of 5.47%
AUM size ₹730 Cr
This fund has AUM of ₹730 Cr which is less than its category average of ₹ 6116 Cr
Expense Ratio 0.26%
This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.59%
Frequently Asked Questions
The current NAV of Franklin India Corporate Debt Direct Growth is ₹96.74 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Franklin India Corporate Debt Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.63% | 0.63% |
6 Month Returns | 3.69% | 3.69% |
1 Year Returns | 6.94% | 6.94% |
3 Years Returns | 17.21% | 5.44% |
5 Years Returns | 39.56% | 6.89% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.26% as on April 2024
₹730 Cr as on April 2024
ICICI Home Finance Company Limited 8.1%(6.94%), Pipeline Infrastructure Ltd. 7.96%(6.94%), Nuclear Power Corporation Of India Limited(6.93%), Sikka Ports & Terminals Limited(6.72%), Small Industries Development Bank Of India(6.4%) as on April 2024
Corporate(66.93%), Government(25.28%), Cash Equivalent(7.79%) as on April 2024
Yield to Maturity is 7.75 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.02 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Umesh Sharma, Sachin Padwal-Desai are the fund managers of Franklin India Corporate Debt Direct Growth
The Exit load of Franklin India Corporate Debt Direct Growth is 0%